Retirement | 7 Nov 14
Pension inheritors escape 55 death tax
Pension assets being passed on after death will not be subject to the 55% “death tax” from 6 April next year, following further pension amendments from the UK government.
More explicit targets bode well for Europe
While there is little indication that the eurozone will be able to boost growth significantly in the short term, investment in the region remains robust, with a number of wealth managers currently overweight.
United Kingdom | 7 Nov 14
High risk avoidance promoters face 1m fines
Promoters of tax avoidance schemes deemed “high-risk” by HM Revenue & Customs (HMRC) have been sent letters warning them they could be named publically, monitored, and fined up to £1m.
First State absolute return strategy
First State Investments is planning to launch an absolute return strategy in Asia during the first half of next year.
European ETF assets double in two years
European ETF assets have more than doubled over the last five years, according to a study by Morningstar.